Publicação
Determinants of financial performance measured by return on assets in Portugal
| Resumo: | In this paper we use a unique, privately database with financial data (and some nonfinancial variables) of 1,024 enterprises headquartered in the interior north and center of mainland Portugal for the time period of 2006 to 2009 to answer to the research question: “The return on total net assets (ROA) is influenced by firm’s capital structure, sales return, location and economic activity sector?” Using a positivist quantitative approach by a descriptive and inferential analysis through a multivariate OLS regression analysis, we tested seven main hypotheses. The results indicate that the return on assets of these companies is influenced positive and statistically significant by the net sales return (before taxes), Location and negative and statistically significant by the capital structure of the company and owners capital. The gross investment and the economic activity sector are not statistically significant. |
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| Autores principais: | Monte, Ana Paula |
| Outros Autores: | Fernandes, António B. |
| Assunto: | ROA Determinants Capital structure |
| Ano: | 2016 |
| País: | Portugal |
| Tipo de documento: | comunicação em conferência |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Bragança |
| Idioma: | inglês |
| Origem: | Biblioteca Digital do IPB |
| Resumo: | In this paper we use a unique, privately database with financial data (and some nonfinancial variables) of 1,024 enterprises headquartered in the interior north and center of mainland Portugal for the time period of 2006 to 2009 to answer to the research question: “The return on total net assets (ROA) is influenced by firm’s capital structure, sales return, location and economic activity sector?” Using a positivist quantitative approach by a descriptive and inferential analysis through a multivariate OLS regression analysis, we tested seven main hypotheses. The results indicate that the return on assets of these companies is influenced positive and statistically significant by the net sales return (before taxes), Location and negative and statistically significant by the capital structure of the company and owners capital. The gross investment and the economic activity sector are not statistically significant. |
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